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Cyberonics Inc (NAS:CYBX)
Shiller P/E Ratio
(As of Today)

As of today, Cyberonics Inc's current share price is $69.95. Cyberonics Inc's E10 for the quarter that ended in Sep. 2016 was $0.00. Cyberonics Inc's Shiller P/E Ratio for today is .

CYBX' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 42.12   Max: 2247
Current: 45.82

42.12
2247

During the past 13 years, Cyberonics Inc's highest Shiller P/E Ratio was 2247.00. The lowest was 42.12. And the median was 132.98.

CYBX's Shiller P/E Ratio is ranked higher than
53% of the 49 Companies
in the Global Medical Devices industry.

( Industry Median: 46.10 vs. CYBX: 45.82 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Cyberonics Inc's adjusted earnings per share data for the three months ended in Sep. 2016 was $0.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.00 for the trailing ten years ended in Sep. 2016.


Definition

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Cyberonics Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=69.95/0
=

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Cyberonics Inc's E10 for the fiscal year that ended in Apr15 is calculated as:

For example, Cyberonics Inc's adjusted earnings per share data for the three months ended in Sep. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=0/241.428*241.428
=0.000

Current CPI (Sep. 2016) = 241.428.

Cyberonics Inc Quarterly Data

201407201410201501201504201507201510201512201603201606201609
per share eps 0.0000.0000.0000.0000.0000.0000.0000.0000.0000.000
CPI 238.250237.433233.707236.599238.654237.838236.525238.132241.018241.428
Adj_EPS 0.0000.0000.0000.0000.0000.0000.0000.0000.0000.000
201201201204201207201210201301201304201307201310201401201404
per share eps 0.0000.0000.0000.0000.0000.0000.0000.0000.0000.000
CPI 226.665230.085229.104231.317230.280232.531233.596233.546233.916237.072
Adj_EPS 0.0000.0000.0000.0000.0000.0000.0000.0000.0000.000
200907200910201001201004201007201010201101201104201107201110
per share eps 0.0000.0000.0000.0000.0000.0000.0000.0000.0000.000
CPI 215.351216.177216.687218.009218.011218.711220.223224.906225.922226.421
Adj_EPS 0.0000.0000.0000.0000.0000.0000.0000.0000.0000.000
200701200704200707200710200801200804200807200810200901200904
per share eps 0.0000.0000.0000.0000.0000.0000.0000.0000.0000.000
CPI 202.416206.686208.299208.936211.080214.823219.964216.573211.143213.240
Adj_EPS 0.0000.0000.0000.0000.0000.0000.0000.0000.0000.000

Add all the adjusted EPS together and divide 10 will get our E10.


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company’s business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Cyberonics Inc Annual Data

Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15
ShillerPE 0.000.000.000.000.000.001,745.14225.94156.8982.48

Cyberonics Inc Quarterly Data

Jul14Oct14Jan15Apr15Jul15Oct15Dec15Mar16Jun16Sep16
ShillerPE 134.5092.5789.3682.4869.1074.6264.6063.0653.9260.88
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